Ford topped analysts’ expectations on the top and bottom lines, according to Refinitiv. However, the firm reiterated its prior full-year guidance of adjusted earnings between $9 billion and $11 billion, as well as about $6 billion in adjusted free cash flow. The auto stock declined about 2.3% in extended trading.
Starbucks shares fell 2% in after-hours trading. The coffee chain topped analysts’ expectations on the top and bottom lines, reporting adjusted earnings of 74 cents per share, greater than the 65 cent per-share estimate, according to Refinitiv. It reported $8.72 billion in revenue, topping the $8.4 billion forecast.
